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Recession reality hits major economies
Japan and the U.K. each saw their economies shrink for two consecutive quarters‚ meeting the technical definition of a recession‚ according to data out Thursday. Meanwhile‚ in Europe‚ officials said they expect weaker economic growth across the bloc.
Why it matters: This year may see more global economic turmoil than last as nations struggle to rebound from slowdowns that are worse than previously known. The effects of these slowdowns — together with one in China — could ripple around the...